Home Prices: An Unseasonal Summer Spike

home pricesThe newly released national Case-Shiller Index shows that August housing market trends saw a huge shift from previous years. 

The demand for homes in August was high and price growth soared in most cities. Although sales volumes typically slow down towards the end of summer, the data shows that sales volumes and buying demand picked up speed in August.

An in-depth analysis from CoreLogic gives more insight into just how much housing trends defied the odds in August. The national Case-Shiller Index reached a new high by increasing 5.71% in August, which is the fastest growth rate reported since July of 2018. The month-to-month index increased by 1.06% from July, which is the fastest rate of growth since the spring of 2017. 

The demand for homes has remained high since mid-May, staying well above what the demand was around the same time in 2019. This year is likely to become

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